Online travel agency Booking.com may consider job reductions as part of a review of its organizational structure, the company announced on Saturday.
As a subsidiary of Booking Holdings, the company stated via email that it is in the early stages of this review, and no final decisions have been reached.
“This is a challenging yet essential proactive measure to ensure Booking.com remains nimble in a highly competitive industry while continuing to drive customer-focused innovation,” the statement said.
According to its 2023 annual report, Booking Holdings employed around 23,600 people, though no specific figures were provided for Booking.com.
In a Friday filing with the U.S. Securities and Exchange Commission, Booking Holdings mentioned it would disclose additional details on the timing, potential workforce impact, and financial implications of the reorganization “in due course.”
A spokesperson clarified that the review affects only Booking.com and not its other brands, including Priceline, Agoda, Kayak, and OpenTable.
The announcement follows a 13.6% increase in Booking Holdings’ operating expenses for the third quarter.
“We believe these efforts will enhance operational efficiency, boost organizational agility, and free up resources for reinvestment in offerings for travelers and partners,” the filing noted.
The company also plans to update processes, modernize systems, and optimize procurement as part of its organizational restructuring.
